BEIJING & SHANGHAI & BENTONVILLE, Ark.–(BUSINESS WIRE)–Walmart (NYSE: WMT) today announced a $50 million strategic investment
in New Dada, China’s largest local on-demand logistics and grocery O2O
ecommerce platform. The investment is an extension of Walmart’s broader
agreement with JD.com and cooperation with New Dada, which includes
using New Dada’s network to offer customers two-hour delivery on
groceries ordered from Walmart stores through the JD Daojia Dada app.

The two-hour delivery service is available to customers within a 3km
radius of more than 20 Walmart stores that are currently part of the
program. The number of Walmart stores offering two hour delivery is
expected to double by the end of the year.

New Dada an independent joint venture of JD.com and Dada, boasts more
than 25 million registered customers and provides local on-demand
delivery capabilities with 2.5M crowd-sourced deliverers across more
than 300 cities in China. Walmart has 426 stores in nearly 170 cities.

Walmart CEO Doug McMillon commented, “All around the world, we’re
creating seamless shopping experiences that bring together our stores,
sites and apps to make shopping faster and easier. Our alliance with JD
and cooperation with New Dada will enable seamless shopping to millions
of customers across China.”

“Today’s exciting announcement brings together the global retail leader
and China’s largest grocery delivery network to create a unique new
shopping experience,” said Philip Kuai, CEO of New Dada. “Combining New
Dada’s unparalleled delivery network with Walmart stores means consumers
will enjoy convenient access to a wide range of high-quality goods
delivered to their homes and offices in record time. We look forward to
deepening our cooperation with Walmart as China’s O2O retail industry
continues to evolve and grow.”

News of the investment comes a day after Walmart and JD.com announced
their collaboration on three new services — exclusive Sam’s Club and
Global Imports stores on JD.com, and two-hour grocery delivery through
New Dada.

About New Dada:

New Dada (www.imdada.cn)
is China’s largest local on-demand logistics and grocery O2O e-commerce
platform. “Dada,” the local on-demand logistics platform of New Dada,
covers more than 300 major cities across China, with more than 2.5
million crowd-sourced deliverers serving more than 500,000 merchants,
reaching a peak daily orders of more than 2 million. “JD Daojia,” New
Dada’s grocery O2O ecommerce platform, partners with over 30,000 local
merchants and provides on-demand grocery and pharmacy shopping and
delivery services in 18 cities, including Beijing, Shanghai and
Guangzhou, with more than 25 million registered customers.

About Walmart:

Walmart Stores, Inc. (NYSE: WMT) helps people around the world save
money and live better – anytime and anywhere – in retail stores, online,
and through their mobile devices. Each week, nearly 260 million
customers and members visit our 11,539 stores under 63 banners in 28
countries and e-commerce websites in 11 countries. With fiscal year 2016
revenue of $482 billion, Walmart employs more than 2.3 million
associates worldwide. Walmart continues to be a leader in
sustainability, corporate philanthropy and employment opportunity.
Additional information about Walmart can be found by visiting http://corporate.walmart.com
on Facebook at http://facebook.com/walmart
and on Twitter at http://twitter.com/walmart.
Online merchandise sales are available at http://www.walmart.com
and http://www.samsclub.com.